The family of the late President Daniel Moi has restructured its ownership in Standard Chartered Bank, with his son appearing among the top individual owners of the listed lender. Regulatory …
Kenya
- Banking, Finance & InvestmentKenyaMarkets
The elevation of Kenya to the middle-income status saw China lock the country out of a new list of African nations that will receive a Beijing debt relief this year, …
- Banking, Finance & InvestmentEconomyKenya
kenya Bank loan bilking cross half a trillion for the first time
Bank loan defaults have crossed the half a trillion shilling mark for the first time, setting up thousands of borrowers for property seizures in an economy hit with reduced cash …
- AgricultureKenyaManufacturing & Consumer Goods
STIHL Group in Kenya Insects Sh500mn In New Hub To Support small scale Farmers
German manufacturer Stihl has injected Sh500milion into its new Nairobi hub in a bid to support small-scale farmers acquire farming equipment in Kenya and East Africa at large. The manufacturer of …
National carrier Kenya Airways has trimmed its half-year loss to Sh9.9billion from a Sh11.5billion loss posted in the same period last year attributed to increased revenues. The Group’s total revenue …
- BuildingKenyaReal Estate
Competition Authority of Kenya Approves Maanzoni Lodge’s acquisition of 680 hotel
The Competition Authority of Kenya (CAK) has approved the acquisition of Mayhouse Limited, the company that owns 680 hotel, by Maanzoni Lodge Limited. The acquisition comes at a time the …
Toyota Kenya has acquired a 35 per cent stake in solar installation company Ofgen for an undisclosed value, deepening the auto firm’s interest in the growing clean energy market and …
The United Kingdom has protested Kenya’s impending ban on second-hand imports of buses and trucks, fearing the embargo will cut the flow of used commercial vehicles from the European country. …
- Banking, Finance & InvestmentBusinessKenyaUncategorized
Equity net profit increases to Sh24.4 billion in the half o
Equity Group has posted a 36 percent jump in net profits to Sh24.4 billion in the first half of this year on increased lending and strong performance of non-funded income. The …
- BusinessEconomyKenya
KFCB bell Local Creators and other stakeholders to Submit Comments On Self-Regulatory Framework
The Kenya Film Classification Board (KFCB) has called on local creatives and other stakeholders to submit their input for the proposed self-regulatory framework for the film industry, as it seeks …